The headline Non-Farm Payrolls report was strong, but there are some bad things to consider:
First, this is old news. April? That was ages ago.
The unemployment rate ticked up to 9% from 8.8%. That's because the household survey -- which had been doing much better than the establishment survey -- showed net job loss.
The closely-watched U-6 -- so-called real unemployment -- jumped to 15.9% from 15.7%.
The average work week stayed flat at 34.3 hours.
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